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USA Today via Reuters

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USA Today via Reuters

New York Yankees star pitcher Gerrit Cole is amongst the highest-paid baseball players in 2021. In 2019, the Yankees got Cole onboard for a hefty sum, hoping he would take them to new heights.

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The New York Yankees signed Gerrit Cole on a $324 million contract, the fourth largest deal in MLB history. Interestingly, he is also the highest-paid pitcher in MLB history.

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New York Yankees have a nine-year contract with Gerrit Cole

Cole was part of the Houston Astros, before becoming a free agent in 2019. Yankees had set sight on him, ever since he defeated them alongside the Houston Astros in ALCS 2018. So when Cole was up for grabs, the Yankees signed a huge nine-year deal, making a record-buy.

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USA Today via Reuters

Yankees are paying $36 million per year to their ace pitcher, and his contract will end in 2028. However, Cole has the player’s opt-out option in the contract after 2024. Before joining the New York Yankees, Cole was earning $20.25 million with Houston Astros.

Gerrit has a net worth of $50 million, which majorly comes from his deal with Yankees.

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USA Today via Reuters

Cole’s journey with the New York Yankees

It would be unfair to say that the New York Yankees paid too much for Gerrit Cole. Post joining the Yankees, Cole became the second-best starting pitcher in 2020. In his second season with the Yankees, he finished with 16-8, walking 41 hitters, sending out 243 batters.

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USA Today via Reuters

However, everything fell short, when he couldn’t produce his best start on the biggest stage. On Tuesday, the Yankees faced their biggest rivals, Boston Red Sox, for the final AL Wild card spot. While expectations from Cole were high, he ended up leaving the field after the third innings, because of his poor pitching. Notably, this was the shortest innings that he had pitched in his entire career.

After a disappointing performance, and the worst start of his career, what do you think his future with the Yankees will look like?

Also read: “That’s the Right Move”: Gerrit Cole Defends Shocking Pull Out of New York Yankees vs Boston Red Sox Game

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Shreya Verma

609 Articles

Shreya Verma is a US Sports Content Strategist at EssentiallySports, with a focus on Olympic sports and athlete storytelling, covering beats like tennis, gymnastics, basketball, track and field, wrestling, and more. A qualified National Level air pistol shooter, she brings the unique perspective of both an athlete and a journalist to her work. Over the past four years at EssentiallySports, she has covered some of the biggest sporting stages, from managing the Olympic Sports desk during the Winter Olympics 2022 to spearheading the US Open 2025 coverage and content strategy. In 2024, she was on the ground in Paris for the Summer Olympics, where she interviewed legends and rising stars, including Carl Lewis, Laurie Hernandez, Fred Kerley, Noah Lyles, Quincy Hall, and Grant Holloway, who memorably offered her the chance to try on his gold medal. She also connected with icons and fan favorites such as Tom Brady, Katie Ledecky, Tara Davis & Hunter Woodhall, Andy Murray, Ilona Maher, Kevon Williams, Jonathan Owens, and Neeraj Chopra, while capturing emotional family perspectives from Nellie Biles, Jordan Chiles’ mother, Suni Lee’s mother, and Katie Ledecky’s brother, Michael. Her journalism is marked by authenticity, access, and a deep passion for highlighting perseverance and human connection in sports. Inspired by Olympic champions like Allyson Felix and Vincent Hancock, Shreya continues to carve her path as a storyteller.

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